IG Petrochemicals Ltd

Filing context

• Transcripts for the quarter ended 30 June 2026 are available on the company's website.

Meeting Details

• 7 August 2026, time not disclosed; earnings call with Investors & Analysts via teleconference.
• Type and mode: group earnings call via teleconference (virtual).
• Event: Earnings Call for Q1 FY2026-27.
• Key participant from the company: Company Secretary.
• Purpose: discuss Q1 FY2026-27 earnings results.
• Recording: audio available on company website (Earnings Call Q1_FY2026-27).

AGM details

• Date of AGM: 6 August 2026; mode: VC/OAVM; no physical meeting.

Resolutions and outcomes

• Resolution 1: Adopt audited standalone and consolidated financial statements.
• Outcome: Passed; 99.83% in favor.
• Resolution 2: Declare dividend for year ended 31 March 2026.
• Outcome: Passed; overall 99.83% in favor, with some opposition from public institutions.
• Resolution 3: Appoint Shri Nikunj Hanuka as Director (re-appointment).
• Outcome: Passed; 99.79% in favor.
• Resolution 4: Remuneration by way of commission to non-executive directors.
• Outcome: Passed; public institutions largely opposed (10.58% in favor).
• Resolution 5: Re-appointment of Shri Sagar Jadhav as Executive Director.
• Outcome: Passed; overall 99.83% in favor; public institutions opposed.
• Resolution 6: Ratification of remuneration of Cost Auditor.
• Outcome: Passed; overall 99.83% in favor; some opposition.

Dividend details

• Dividend per share amount not disclosed in filing.

Directors / appointments

• Director changes: Shri Nikunj Hanuka appointed; Shri Sagar Jadhav re-appointed as Executive Director.

Auditors

• Remuneration of Cost Auditor ratified; tenure not disclosed.

Related party transactions

• No material related party transactions disclosed.

Business Overview

• Largest single-site PAN complex with 275,110 MTPA capacity at Taloja.
• Sole domestic MAN producer; integrated PAN–MAN–DEP and plasticizer plant.
• Diversifying revenue mix to reduce single-product dependence.

Operational Highlights

• Q1 FY27 revenue ₹625 cr; up 30% YoY.
• EBITDA ₹120 cr; margin 19.2%.
• PBT ₹94.9 cr; PAT ₹71.0 cr.
• Exports ~10% of revenue; Non-Phthalic revenue ₹49 cr.
• Plasticizer plant: mechanical completion achieved March 2026; production expected Q2 FY27.
• CBG project: mechanical completion targeted Q3 FY27.

Financial Performance

• Q1 FY27 revenue ₹625.1 cr; YoY growth 30%.
• Q1 FY27 EBITDA ₹120 cr; margin 19.2%.
• Q1 FY27 PAT ₹71 cr; PAT margin 11.4%.
• FY26 revenue ₹1,953.7 cr; EBITDA ₹130.4 cr; PAT ₹23.2 cr.

Capital Structure & Liquidity

• Capex funded largely from internal accruals; zero net debt.

Strategic Priorities & Outlook

• DEP debottlenecking and downstream expansion to support long-term growth.
• CBG project targeted completion by Q2 FY27 to add capacity.
• Make in India and rising domestic demand supporting volumes.
• Sustainability drive: rooftop solar and steam recovery; 70% GHG emissions reduction.

Governance & Leadership

• Chairman & MD: Nikunj Dhanuka; CEO: Mayank Dhanuka.
• CFO: Pramod Bhandari; Senior Leadership: Sanjoy Datta as President - New Business Initiatives.
• Independent directors include Shrikant Somani and Girija Balakrishnan.

Meeting Details

• Board meeting scheduled for 5 August 2026 to consider unaudited results for quarter ended 30 June 2026.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 to 7 August 2026; reopens on 8 August 2026.

Dematerialisation processing and listing

• Securities for dematerialisation were processed and confirmed to depositories.
• Dematerialised securities were listed on the stock exchange where previously listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within 15 days.

Shareholder communications

• Dispatched letters to shareholders with unregistered emails, linking FY2025-26 Annual Report and AGM notice.
• Annual Report and AGM notice accessible on the IG Petrochemicals website.
• Notice and AR accessible via web-link on company site.

AGM details and related governance

• 37th AGM scheduled for 6 August 2026 at 3:00 PM IST via Video Conference.
• Notice and Annual Report sent electronically to registered members; non-registered holders access via web-link.
• If needed, update KYC via DP (electronic) or contact RTA.
• RTA: Bigshare Services Private Limited contact details provided.

Overview

• IG Petrochemicals Ltd, standalone BRSR FY2025-26, manufactures inorganic/organic chemicals with 100% turnover from core products.
• Reported facilities: 5 plants and 3 offices nationally; exports 10.33% of turnover; markets across 17 states, 19 countries.
• CSR turnover disclosed: 1,95,366.65 lakh; CSR initiatives include education, healthcare, water, and women empowerment.

Key ESG Risks & Opportunities

• Material ESG risks include workforce health and safety, waste management, air pollution, and supply chain risk.
• ESG opportunities include energy and water management, product stewardship, training, and responsible sourcing.
• Mitigation: HAZOP, risk assessments, Job Safety Analysis, safety committee; ISO 14001; EPR alignment.
• FY2025-26 progress: power consumption down 9.79% versus baseline; emission intensity down 5.17%; waste down 10.15%.
• NOx, SOx and PM emissions declined 17.05%, 25.04%, 21.68% respectively; water intensity up 7.72%.

Governance & Policy Highlights

• ESG governance: ESG Committee chaired by Executive Director; meets regularly to oversee sustainability initiatives.
• Policies cover anti-bribery, whistleblower, and stakeholder grievance redressal; extended to value chain.
• Certifications include ISO 14001:2015 and ISO 9001:2015; board-approved NGRBC alignment.
• FY2025-26 shareholder complaints: 13 filed; 2 pending; FY2024-25: 16 filed, 0 pending.

Social Responsibility & Workforce

• Total workforce: 360 employees (357 permanent; 3 other), 468 workers; female representation low.
• Governance: board has 1 female of 7 directors (14.28%); KMP female representation 0%.
• Well-being: health/accident insurance coverage for all employees; wellbeing expenditure 0.42% of revenue.
• CSR programs: 245 underserved youth, 180 school renovations, 3,000+ watershed beneficiaries; women empowerment initiatives.

Environmental Performance

• Energy: total 346,892 GJ; renewables 1,356 GJ; non-renewables 345,536 GJ; energy intensity 1.77 GJ per lakh turnover.
• GHG: Scope 1 108,436 MTCO2e; Scope 2 2,305 MTCO2e; total 110,741 MTCO2e; intensity 0.56 MTCO2e per lakh turnover.
• Water: withdrawal 1,107,935 KL; discharge 35,659 KL to third parties with tertiary treatment; 100% ETP coverage; ZLD 45%.
• Waste: total waste generated around 3,037 MT; >80% wastewater recycled; 100% ETP coverage; ISO certifications noted.

Stakeholder Engagement & Complaints

• Key stakeholder groups: shareholders/investors, customers, employees, community; channels include website, exchanges, email.
• Engagement frequency: quarterly/annual for investors; monthly/quarterly for communities.
• Shareholder complaints: 13 filed FY2025-26; 2 pending at year-end.

Other Notable Metrics

• Sustainable sourcing: approx 73% inputs from sustainable sources; 58.25% Indian suppliers; MSME input 5.08%.
• LCA coverage: Phthalic Anhydride cradle-to-gate accounts for 92.2% of turnover.
• End-of-life: EPR aligned; 100% recycling/processing of plastics; 0 data breaches; cyber security policy in place.